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Regional Trade & Investment<br />
LOCAL<br />
Chongqing’s Foreign Trade Surges<br />
By Richard Zhu<br />
China’s foreign trade growth slows to<br />
6.2 percent in 2012, while Southwestern<br />
China’s Chongqing Municipality<br />
showed a different picture.<br />
Its foreign trade of last year registered a rapid<br />
growth of 82.2 percent.<br />
Data from Chongqing Customs shows<br />
that Chongqing’s foreign trade volume totaled<br />
$53.2 billion in 2012, ranking No. 2 in Western<br />
and Central China and the 11th nationwide, 6<br />
positions higher over the year 2011. The city’s<br />
exports volume amounted to 38.57 billion, up<br />
94.5 percent over the previous year, ranking<br />
first in Western and Central China, while the<br />
imports volume reached 14.63 billion, up 56.2<br />
percent year on year.<br />
Among Chongqing’s exports, laptops<br />
played a major role, with the total exports over<br />
35 million. In 2012 Chongqing has exported<br />
35.44 million laptops, valued at $12.54 billion,<br />
1.3 times and 1.4 times from a year earlier respectively.<br />
“Laptops became the main force of the<br />
city’s exports, and its exports of last year accounted<br />
for over 30 percent of the total exports,”<br />
said an official with Chongqing Customs.<br />
Data also shows that though in the context<br />
of the sluggish external demand due to the<br />
European debt crisis and slow recovery of world<br />
economy, Chongqing’s exports to Europe and<br />
America rose sharply. In 2012 the city’s foreign<br />
trade volume with the Europe Union totaled<br />
$12.04 billion, up 92.8 percent, 1.1 times over<br />
2011, while its foreign trade with America<br />
reached $9.31 billion, 1.3 times over the previous<br />
year.<br />
The rapid development of the processing<br />
industry had boosted the growth of imports and<br />
exports in Chongqing. The import and export<br />
volume in the processing industry of Chongqing<br />
in the first half of 2012 totaled $7.8 billion, accounting<br />
for 31.1 percent of the whole import<br />
and export volume, according to Xinhua News<br />
Agency.<br />
As China’s first inland bonded port, Cuntan<br />
bonded area handled over 150,000 TEU<br />
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